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leadership was in favor. then we got a clue early today from eric cantor that he didn't like the bill. he in the end did not vote in favor of it. he voted nay. >> correct. he voted no and another member of the leadership, kevin mccarthy, the whip, he also voted know. so they were split inside the leadership. i think the big issue today wasn't necessarily within the republican leadership. it wasn't so much as split there. it was a lot of concern and discontent among all of the rank and file republicans that they were put in a position where they had to vote for something. they had to look at it fast. they didn't love this compromise and the house republicans, as we know well, are not used to voting on something that they don't see as pure and so it took a little while as a republican source earlier said to me for them to wind themselves up this morning and then slowly to wind themselves back down and accept reality, which is what we just saw. >> no one there owes themselves any congratulations. this took place 518 days after we first learned this fiscal cliff would take place. this was an
. then we got a clue early today from eric cantor that he didn't like the bill. he in the end did not vote in favor of it. he voted nay. >> correct. he voted no and another member of the leadership, kevin mccarthy, the whip, he also voted know. so they were split inside the leadership. i think the big issue today wasn't necessarily within the republican leadership. it wasn't so much as split there. it was a lot of concern and discontent among all of the rank and file republicans that they were put in a position where they had to vote for something. they had to look at it fast. they didn't love this compromise and the house republicans, as we know well, are not used to voting on something that they don't see as pure and so it took a little while as a republican source earlier said to me for them to wind themselves up this morning and then slowly to wind themselves back down and accept reality, which is what we just saw. >> no one there owes themselves any congratulations. this took place 518 days after we first learned this fiscal cliff would take place. this was an embarrassing moment for
on the fiscal cliff bill that the senate passed overwhelmingly last night. house majority leader eric cantor appears to be the leading person against the bill because it does not contain spending cuts. house speaker john boehner has taken a position. democrats are urging him to schedule a vote on the bill as it stands now. >>> prince william county officer is being remembered for his years of service to the community. motorcycle officer chris young was killed yesterday when he collided with a minivan. flowers and crosses sit at the site of the accident. he spent seven years on the police force. >>> it is cold out there today. and some folks are getting sprinkles in some areas. >> veronica johnson is here to tell us what to expect the rest of the week. >> hey will. important the rest of the week we go down and then go back up. and -- as you mentioned some of us seeing the sprinkles. that was earlier today. that's now way down to the south. all of us seeing cloud cover take a look at our shot here. you can see the monument there in the distance. the -- washington monument. we have clouds to th
into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this, we're joined by christian schultz from barronberg bank. welcome. so we're going over the fiscal cliff. >> well, the consumer confidenc already be over the cliff in terms of confidence already. that might already be the first impact of the crisis of -- not of the crisis, but yes of the fiscal cliff. it seems we have this moment where this animal goes over the cliff, all limbs a
, republican leadership was in favor. then we got a clue early today from eric cantor that he didn't like the bill. he in the end did not vote in favor of it. he voted nay. >> correct. he voted no and another member of the leadership, krevin mccarthy, the whip, he also voted know. so they were split inside the leadership. i think the big issue today wasn't necessarily within the republican leadership. it wasn't so much as split there. it was a lot of concern and discontent among all of the rank and file republicans that they were put in a position where they had to vote for something. they had to look at it fast. they didn't love this compromise and the house republicans, as we know well, are not used to voting on something that they don't see as pure and so it took a little while as a republican source earlier said to me for them to wind themselves up this morning and then slowly to wind themselves back down and accept reality, which is what we just saw. >> no one there owes themselves any congratulations. this took place 518 days after we first learned this fiscal cliff would take place
to be speaking for this bill but i can't. >> reporter: 151 republicans including eric cantor the number two ranging house member voted against the bill because it doesn't address spending. >> what we're really doing is raising taxes to give the president more money to spend. >> reporter: president obama has promised to work with congress to find more spending cuts in the future. but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: treasury secretary timothy geithner has warned congress the country is just a few months away from defaulting on its loans for the first time in u.s. history. >> the consequences for the entire global economy would be catastrophic, far worse than the impact of a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. tara mergener for cbs news, washington. >>> after his addr
clear throughout the 112 congress. eric cantor the majority leader is a bit different, somewhat younger than boehner, a very clever guy, very very ambitious. he has his own channel to the obama white house as he and vice president biden are very close and i think they found they need each other i believe it was biden and this would not surprise any of you that was leaking to eric cantor that speaker boehner was pursuing separate talks with obama during the so-called -- in which eric cantor was a part. this may cantor livid and he walked out of those talks because of the dynamics going on with boehner. does this sound childish to you? >> the question i'm going to ask is that eric cantor walked past john boehner leaving out an open window -- window he would not hesitate to push him with a? >> for one 11 thing boehner is an even tempered so is boehner. unless the moment is absolutely right you tend not to be able to get ahead by declaring. >> the there is a -- between cancer and boehner. >> working more or less in the middle is the majority whip kevin mccarthy. mccarthy has, he has only
gop leaders who voted no including the majority leader, eric cantor. the senate passed the measure early tuesday morning. and the bill raises tax rates for families making more than $450,000 a year, let the payroll tax cut expire, with delays automatic government and military spending cuts by two months. speaking after the house vote, the president thanked congress for approving the deal. >> the sum total of all the budget agreements we've reached so far proves that there is a path forward. that it is possible. if we focus not on our politics but let's -- on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is see figure we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> the bill does set up the next fight in around two months when the spending cuts are set to take effect and the u.s. hits the debt ceiling. treasury secretary geithner's trying to take steps to delay that date by halting investment in two government worker pension fund
think he will show that strength assuming he has eric cantor on board, kevin mccarthy, some of the other young guns, as they lake to call themselves, in the house of representatives. the or young republican leaders. if he can get all of them together, he's not photog bring in all of the tea party activists in the republican caucus gu together with the democrats who will support him this time and the republicans that could cobble together the 218 votes they need, they have to do this, suzanne, today or tomorrow because at noon on thursday, the 113th congress is sworn in. that's a new congress, new senate, new house of representatives. they have to start from scratch. the legislation that passed in the middle of the night last night, that's going to have to be passed once again in the senate if they don't get this done before thursday at noon. remember, tomorrow's a regular day on wall street. markets are opening tonight on the east coast of the united states, the asian markets will be opening. people will be watching closely to see if there's stability, if there's continuity, a disrupt tu
Search Results 0 to 8 of about 9